Behboo­d certif­icates, meant for pensio­ners and famili­es of martyr­s, will have profit rate of 14.76%KARACHI: The government on Thursday decided to increase profit rates on its series of savings plans, commonly known as National Savings Certificates. Behbood Certificates, meant for pensioners and families of martyrs, after the latest announcement, would have new profit rate of 14.76%, which for many of the families would certainly be a relief against the growing inflation. Fresh profit rate of 13.01% on Defence Saving Certificates also came as good news for those who had invested in the certificates with maturity period of 10 years. “Adequate returns on savings can encourage many to deposit their money with government-based plans/schemes instead of property,” she said. According to Dr Hasan, the latest increase in the government-owned savings plans would attract people but much more needed to be done.

Source: The Express Tribune July 05, 2019 05:03 UTC